I agree to an extent, however I think this is just a part of it. The other part is that these companies are these mega corporations that have more money and power than many countries and they aren't accountable to the people but to their owners. And these are the companies that are going to end up inventing stuff like generalized AI. I don't agree with nationalizing them, but I also don't agree with letting them run around unchecked.
I saw a comment years ago and I dearly wish I'd saved it.
Paraphrased it was "large corporation shit on the floor. Of course it did, that's basically their job, the job of government is to supply the rolled up newspaper and occasionally the mop".
It made me laugh in its succinctness.
Corporations don't exist in isolation, they are part of society and should be answerable to that society, the all regulation is bad thing is as annoying as all regulation is good.
In a democracy fundamentally the corporation should answer to the people.
This isn't new, Standard oil is a good example from a century ago.
